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Tax Credit - Electric Vehicle Federal Tax Incentive up to $7,500
The federal government is offering a $7,500 tax credit for qualifying electric vehicles. The credit is $2,500 plus $417 for each kilowatt-hour of battery capacity in excess of 5-kilowatt hours.
• Consult your tax adviser to make sure you qualify
• Consult IRS website to confirm the Federal Tax Credit is still available
• Max tax credit $7,500